Foreclosure rates still among highest

Published: Thursday, August 29, 2013 at 1:00 a.m.

Last Modified: Wednesday, August 28, 2013 at 8:50 p.m.

Foreclosure rates in Southwest Florida continued a year-long slide in June, but they remain among the highest in the nation.

The rate of foreclosures among outstanding mortgages in the Sarasota-Manatee region dropped to 7.62 percent in June, from 10.98 percent one year earlier, according to data provider CoreLogic.

The foreclosure rate in Charlotte County fell to 7.92 percent, from 10.41 percent in June 2012.

Charlotte posted the 13th-highest foreclosure rate out of more than 400 metropolitan areas across the country, CoreLogic said.

The North Port-Bradenton-Sarasota region ranked 15th.

Florida again reported the highest foreclosure rate in the U.S. at 8.47 percent, but that was down from 11.54 percent a year ago.

The national rate slipped to 2.49 percent, a decline from 3.36 percent over the year.

Foreclosure rates throughout the region have been trending down for months amid a recovering economy and return of investors seeking yields. The June figures, in fact, represented the lowest numbers in nearly three years.

The mortgage delinquency rate also is moving lower. That measures mortgage loans that are 90 days or more past due and could be headed to foreclosure.

In Sarasota-Manatee, 11.33 percent of mortgage loans were at least 90 days late, down from 15.41 percent for the year.

In Charlotte, the delinquency rate fell to 12.24 percent, from 15.36 percent.

Statewide, 13.06 percent of mortgages were at least 90 days delinquent, down from 16.63 percent at the same time last year.

The U.S. rate, meanwhile, is just 5.55 percent, which declined from 6.86 percent over the year.

<p>Foreclosure rates in Southwest Florida continued a year-long slide in June, but they remain among the highest in the nation.</p><p>The rate of foreclosures among outstanding mortgages in the Sarasota-Manatee region dropped to 7.62 percent in June, from 10.98 percent one year earlier, according to data provider CoreLogic.</p><p>The foreclosure rate in Charlotte County fell to 7.92 percent, from 10.41 percent in June 2012.</p><p>Charlotte posted the 13th-highest foreclosure rate out of more than 400 metropolitan areas across the country, CoreLogic said.</p><p>The North Port-Bradenton-Sarasota region ranked 15th.</p><p>Florida again reported the highest foreclosure rate in the U.S. at 8.47 percent, but that was down from 11.54 percent a year ago.</p><p>The national rate slipped to 2.49 percent, a decline from 3.36 percent over the year.</p><p>Foreclosure rates throughout the region have been trending down for months amid a recovering economy and return of investors seeking yields. The June figures, in fact, represented the lowest numbers in nearly three years.</p><p>The mortgage delinquency rate also is moving lower. That measures mortgage loans that are 90 days or more past due and could be headed to foreclosure.</p><p>In Sarasota-Manatee, 11.33 percent of mortgage loans were at least 90 days late, down from 15.41 percent for the year.</p><p>In Charlotte, the delinquency rate fell to 12.24 percent, from 15.36 percent.</p><p>Statewide, 13.06 percent of mortgages were at least 90 days delinquent, down from 16.63 percent at the same time last year.</p><p>The U.S. rate, meanwhile, is just 5.55 percent, which declined from 6.86 percent over the year.</p>